FRANCE: LVMH - Strong Turnover Growth Continues in Third Quarter 2000: +35%
LVMH Moet Hennessy Louis Vuitton (NASDAQ:LVMHY), the world's leading luxury products group, today announced that consolidated turnover for the third quarter 2000 reached 2,862 million Euros, an increase of 35% compared to 1999. Sales growth, already very strong in the first half, continued during the third quarter of the year. The third quarter of 1999, used as a basis for comparison, was already up 31% compared to 1998. September sales reached an absolute record level. Over the first nine months of the year, turnover has increased by 38% to reach 7,894 million Euros. All of the business divisions, with the exception of champagne, have contributed to this very significant turnover growth, visible in all geographic zones.
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